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scalp. >>> after five years of stops and starts, the u.s. economy may be in a steady recovery. the unemployment rate is the lowest in five years. home sales and price rsz up. stocks are rising. gas prices are falling. not everyone is feeling it though. a new cnn poll shows that a quarter of the public believes things are getting better. nour ten say it's getting worse. joining me now kevin hasset, former economic adviser to m.i.t. romney and annie lowry and mark zandy, chief communist from moodies an lit ikz. thank you all for joining us. so is this real? the worst has happened? and we're on the road to recovery? yes? >> yes. i think that we're clearly in a strong recovery now. if you look at the inflection and data over the last couple months, it's really the best couple of months i've seen since the great recession began. consumer confidence is soaring. auto sales jumped up to 16.4 mill dwron above the 16 million which is like the 98.6 for the economy. everything is looking good. it's that rare moment where we seem to be right on the verge of a recovery. >> wow. could someth
for the goods in china and other nations. the cap the world's economy humming. it may not work that way anymore . a rebounding u.s. is giving less support for you -- for global growth than it has in the past. the smallest u.s. current account deficits since 1999 shows the trend and the discovery of new domestic sources of oil and gas, it reinforces this issue. the country is spending less on imported energy." you can read the full story on bloomberg's website. the front page of "the pittsburgh post-gazette" -- a look at some of the victims from one year ago and a story that will likely get a lot of attention in the week ahead. this is from "the detroit free press" -- you can get more information by logging on to freep.com. next is robert from massachusetts. decline andre in the reason is because we, as a viewed -- when the world our opinion not to go to war, we would not go with our allies. we are ia country that has of thed because one world sees our moral fabric has declined, that is a decline any way. when bush stole the election world looked the --it is not a has way we go about the world.
anything else, they want a job. but finding work remains very difficult in an economy that still has 1.5 million fewer jobs than before the recession started six years ago. still ha million fewer jobs than before the recession started six years ago. we have never had anything close to such a sustained job deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted, and i quote, for extraordinary circumstances that are disappearing. no, no. these extraordinary circumstances continue adds indicated in the report issued just this morning by president obama's council of economic advisors, that highlights that the current long-term unemployment rate is at least twice as high as it was at the expiration of every previous extended ui benefit program. the extraordinary circumstances in a few words continue. the report also sets out the economic impact of a failure to act. it occurs with cbo, wall street analysts and other economists, that allowing the federal ui program to expire who cost our economy
the last minute hitches. some estimate it will boost world economy by 1 trillion-dollar and create more than 20 million jobs. we're looking at details in just a moment. but first we have reports from indonesia. >> reporter: it was an emotional moment after a dramatic four-day long meeting in ballet. the unexpected wa, and suddenlyt was possible. >> the countries of the wto has accepted a deal that will bring down trade barriers worldwide. it could bring a broader agreement in the years to come. also custom procedures will be more transparent, which should make trade cheaper and developing countries like indonesia are allowed to protect their farmers and poor people with basic food subsidies. india was blamed for not backing down on its food security plan. many in the united states were worried it would effect world market prices. >> i view as a victory for the farmers for the entire developing countries, and there is also a coalition of developing countries that entry waindiawas able to put togetherh its partners demonstrated solidarity and achieve this. >> not every is happy with the d
the culture of institutions like universities and the american economy and diplomacy and patterns of development. and this is what might be called subtle influence and what they have been able to do through their subtle power and exercise of this power, they can create a set of conditions and a set of structures, whereby it can exert this in subtle ways and through the international investments and its careful pursuits of hedging is a foreign-policy initiative. through its very deliberate effort as the al jazeera tv station represents. and qatar is extremely active in branding itself and through a very aggressive advertising campaign. you will see advertisements by the national carrier a part of the foundation in a whole variety of interests that will help create these conditions. and needless to say, this is extremely important. and to so let me end, if i may. with a passage from the book's conclusion, which in many ways points to some of the upcoming challenges that they are likely to face. unfortunately they did not wait for the book to be published before they decided to retir
. they were audiologically opposed. they had a closed-off economy, they were politically and militarily opposed. with china, we depend on china. every object we pick up says made in china, and china depends on us. what we have here is a situation in which our economic interests, our political interests in many areas, our interests in solving global problems like climate change and piracy are aligned. what we need to do is create diplomatic channels that find ways to resolve the territorial issues without letting it spin out of control. if you think about world war i, nobody wanted to go to war. but, you know, there was a fascination in serbia, and as it escalated, the sort of logic of alliance meant that they ended up in a conflict. that is what secretary of state john kerry is trying to prevent. >> your foreign policy service, your greatest fame may have come from an article in "the at lantic" calmed "why women still can't have it all." you wrote and i quote: >> what that is to change for that to happen, and how do we go about it? >> thanks for asking. i never expected to be talking on
, subsequent roads, transit and water investments helped fuel our economy and tie the nation together. more recently, the failure to address long-term funding has also been bipartisan. the bush administration ignored strong recommendations from their own private sector experts that they impaneled to give advice. although the obama administration did request and employ some modest funding in the recovery act and has proposed an infrastructure bank and talked extensively and i think sincerely about the need for investment, what has been lacking has been a specific concrete proposal from either party to address infrastructure financing in america. while the political maneuvering has secured here in washington, the gap in the highway trust fund has been growing and conditions of our roads, bridges and transit systems have been deteriorating. this puts america at a competitive disadvantage, complicates the movement of goods and people and contributes to congestion and pollution. at the same time, the needs grow, the resources are in significant decline. the gas tax has not been increased since t
sure our economy works for every working american. it's why i ran for president. it was the center of last year's campaign. it drives everything i do in this office. and i know i've raised this issue before, and some will ask why i raise the issue again right now. i do it because the outcome of the debate we're having right now, whether it's health care or the budget or reforming our housing and financial systems. all of these things will have real practical imply cage for every american. and i am convinced that the decisions we make on these issues over the next few years will determine whether or not our children will grow up in america where opportunity is real. now, the premise that we're all created equal is the opening line in the american story. and while we don't promise equal outcomes, we've strived to deliver equal opportunity. the idea that success doesn't depend on being born in to wealth or privilege, it depends on effort and merit. with every chapter we've added to the story, we've worked hard to put those words in to practice. it was lincoln a poor man's son who star
that the sanctions would begin to unravel. i heard today that iran's president said the economy has markedly improved. they have not even put in place -- steps must be taken to repent for the erosion of the sanction. ultimately, the sanctions remain an essential element of the international effort to compel iran to dispel its nuclear the terror infrastructure and take apart all of the centrifuges and tear down the heavy water reactors and eliminate the current stockpile of enriched on weapond working radiation -- weapons that geneva does not address. none of it is necessary for a peaceful nuclear program. while israel is prepared to do what is necessary to defend itself, we share president obama's preface to see iran's endlear weapons program through diplomacy. for diplomacy to succeed, it must be coupled with powerful sanctions and a credible military threat. -- ae repeat that diplomatic solution is better than a military option, but a military option is necessary for diplomacy to succeed, as are powerful sanctions. we agree after a cup will of tough years, iran finally -- a couple of tough years, i
of today's opinion pages of "the wall street journal:." again, your thoughts on the economy, especially in light of these new numbers, with the federal unemployment rate at seven percent. in.ere is how you can call we divided the lines differently. if you are under 30 -- it is discussions about the economy that takeover the papers today, especially in light of these new numbers. here is the editorial page of "the new york times." they have a different take -- we start this morning in jacksonville florida. angel is up. good morning, what do you think about the economy in light of these current numbers? good morning. first of all, thank you so much for taking my call. go ahead, you're on. caller: there is still a selection process that is very difficult for many people. thethe reason is simple, young people are being selected -- the selection very picky.ery, degrees and i can't find a job in jacksonville, florida. some cities are picking up quickly, some aren't. keep are you going to looking for work or have you given up? caller: i will keep looking. fairs, i apply for work every day. i s
the jobs front about a divide in the u.s. economy: the labor market seems to be getting stronger once again. yet for many on the lower end of the income ladder, the big gap in wages is sparking a budding movement. we begin with economics correspondent paul solman on the unemployment rate's drop to a five-year low, even as many jobless americans face more difficult times ahead. the story is part of paul's coverage on making sense of financial news. >> reporter: the latest snapshot of the nation's jobs situation-- showing 203,000 positions added in november, and a jobless rate of 7% was even rosier than anticipated. we asked northeastern university economist barry bluestone what he made of the numbers. >> on balance this was a good report today. over 200,000 people are back to work. we've brought the unemployment rate down from 7.3% to 7%. that's all good news. of course many of those were federal employees coming back to work after furlough, but we had some good news about manufacturing employment, construction employment, pretty much across the board. so in general this is good news plus o
given potential. it is because we know that when women and girl participate in economies, economic growth is greater than would be without them. where women and girls are given the chance to be educated and to get the healthcare they deserve to have, we know that societies benefit. where women and girls can participate in peace making and peace building as full members of society trying to resolve conflicts, we know that resolution is more likely to be sustained. it's a great honor for me to have this award. but it is a reminder of how much more we have yet ahead of us to accomplish. to make sure that tom's dream, tom's life, the examples of the award recipients with us and those unable to come, bring out in each of us our own commitments to what we will do to further the cause of human rights, universal human rights for every man, woman, boy and girl in the world. it is certainly what tom would expect us to do to hold high his ideals and by accepting this award and knowing that tom would not let me off the hook, otherwise, it is something that i will continue to be committed to i
had to say. >> shut down everybody government.in but let's go to the state of the union. economy continuing to strengthen. no washington shutdowns. i think the president will people's d the confidence will recover. we need to push congress to do immigration, to do smart things to help the economy. the american people are sitting at home talking about all of the issues which is most important to me. job and my -- my income. and that's what washington needs to focus on. are merican people screaming at us. focus for us what's important to us. plouffe there writes -- paints a bright picture on the in zon for the white house terms of how things could go. how do you see that? >> the president said this is in hands. we can try to turn this around as david said about is health working. are people getting insurance? are insurance companies saying yes? right data.g the and, yeah, there are -- there not in that maybe short of term where the -- where the country starts saying, okay, bumpy start. but it's getting better. the economy is improving. at the same time, you -- you have a series of
a floundering economy. there is one area that can help break the logjam, not solve all our problems, certainly, but help us significantly along the way. congress should address the critical needs of our nation's infrastructure deficit. roads, bridges, transit systems are all increasingly at risk. we are facing an inadequate state of repair, construction of new facilities are on hold and we are losing ground in meeting our own needs, let alone the challenges of global competition. yet, this challenge is an opportunity for some potential progress. we know what to do to meet this challenge. we can write a new transportation bill that will meet today's needs. it just needs more money. there is a vast coalition that supports additional resources for infrastructure. the so-called special interests that are so often at odds are remarkably aligned when it comes time to recognize and fix this problem. business, labor, professional groups, local government, environmentalists, truckers, bicyclists all agree. the paralysis that surrounds questions of raising taxes does not necessarily need to apply in thi
the future of their economy. >> reporter: for more than ten years the money market in kabul has done a roaring business. foreign aid and investment poured into the economy, and afghans making money honestly or otherwise, traded in foreign exchange. now it's bus yeser than ever because of increasing anxiety of the local currency of the afghani. the president of afghanistan is still refuse to go sign the security pact with the u.s. that would mean some foreign forces would remain after 2014. but billion dollars of aid would remain. with that the economy is expected to collapse without that. that is causing fear in the business community. >> if it is not signed then people will be panicked and it will effect the country. it is disappointing and our businessmen are not investing. people are worried because they cannot work confidently. >> at afghans panic and exchange their money for u.s. dollars the afghani dollar is being devalued. where much of the food is imported prices are going up. >> reporter: this is where afghanis come to spend their hard earned money, but food price versus gon
't create a pro-growth, pro-middle-class economy. and no less than the new pope has now started speaking out about this. when our country had a burgeoning middle class, it's because we had a shared prosperity. now what we're seeing is the opposite. >> can you tell us roughly how many members you have in detroit and how many have been illinois? >> i could if i -- i'm going to give you a paris-roubaix just. in detroit, we have come in detroit itself we have about three, 4000 members. in michigan we have about 15,000 -- i think about 15,000 members. and in illinois we have said probably somewhere around 40,000 members, maybe 50,000 members. [inaudible] >> 19,000 is the average retirement that somebody gets. and in wisconsin, the average retirement that a public employee gets around the country is about 24, $26,000 to the other thing, think about it, every time a retiree, every time someone spends a dollar of the pension, it creates about $2 change, i think $2.37 in economic output in making the. are we going have a pro-growth, pro-investment, pro-middle-class economy? are we going to keep havin
to fulfill their potential. they can participate in economies and economic growth. where they are given the chance to be educated and get the health care they deserve to have. we know that society benefits. women and girls can participate in peacemaking and peace building. as full members of society's trying to resolve conflicts. we know resolution is more likely to be sustained. it is a great honor for me to have this award. it is a reminder of how much more we have ahead of us to accomplish. dreame sure that tom's and his life, the examples of the award recipients unlike bring out, income each of us, our own commitments to what we will do to further the cause of human rights. it is certainly what tom would expect us to do. ideals and byis accepting this award, knowing that he would not let me off the hook otherwise. i willomething that continue to be committed to in every way that i can and every fiber of my being because the kind of world we want is a world tomhich nelson mandela and lantos can be proud. thank you very much. [applause] >> later tonight on c-span, we will have remarks
economies. improvement and growth, but what's happening in the real economy? >> the spanish enclave that's a tempting gateway for illegal migrants. (vo) al jazeera america we understand that every news story begins and ends with people. >> the efforts are focused on rescuing stranded residents. (vo) we pursue that story beyond the headline, past the spokesperson, to the streets. >> thousands of riot police deployed across the capitol. (vo) we put all of our global resources behind every story. >> it is a scene of utter devastation. (vo) and follow it no matter where it leads, all the way to you. al jazeera america. take a new look at news. >> this isn't a new channel, this is a watershed moment in media for america. >> this entire region is utterly devastated. >> people our here are struggling. >> the fire jumped the highway we took earlier. >> your average viewer want's to actually understand how the health care law is going to help them or hurt them. >> they know they can get extremist bickering somewhere else. >> people say that we're revolutionary. our revolution is just going back
on thin --gins, forcing operators to austin, texas remains one of the strong economies in the country. since the recession we have tightened our belts to manage rising costs and we are still very much feeling the impact, including double-digit health insurance -- double-digit health insurance premium increases. it puts pressure on our teams, allen i vendors, on our pricing -- on our vendors, on our pricing. in addition to the aggregation rules, there are several other sections of a lot of impact restaurant operations and similar small businesses. -- of the law that impacts restaurant operations and similar small businesses. the restaurant and food service industry attract people seeking a flexible work environment, whether they are students between careers or just looking for a second job to makes ends -- to make ends meet. there is a significant movement. given the short term nature of individual employment, the administrative urban of educating and processing the enrollments prove almost as expensive as coverage itself. absorb thiscannot cost and ultimately the cost will be warmed b
up with an agreement said to be worth $18 trillion for the international economy. >> it is so agreed. >> the deal was made in bali and indonesia, aimed at increasing global commerce and making it easier for poorer countries to do trade. >> for the first time in our history we have truly delivered. we have achieved something significant. people all around the world will benefit from the package delivered here today. >> here is what is it could mean. it's claimed it will create 21 million jobs, 18 million in developing countries and cut red removing the need for many taxes and bribes. the w.t.o. is trying to remove all subsidies. the deal means that some developing countries can keep them in they are needed to feed the poor. the results are yet to be seen. india is happy it can keep its subsidy. >> i view this as a victory for the farmers of india, for the farmers, for subsistence farmers of the entire developing country. there has also been a coalition of developing countries that along with its partners, with withstood all pressures. demonstrated solidarity and achieve this. >> the b
away from a drug economy. to a more diverse and traditional egrarian type of economy. so we put in place the road map opportunities. will the afghan people be able to achieve it? much will turn on their governance and their own leadership. but we have laid that opportunity in front of them. i don't think we can back away from the necessity to continue assisting. canada has committed $100 million ongoing. and there is an old legal maxim that says once you start to render assistance, you have to continue. you can't let somebody drown. and i think the international community does recognize that. and also that the stakes are high. there are many, as is the case ongoing, in syria that are playing in this particular part of the world and st needs to win. there needs to be an ongoing and lasting stability in that country, and in that region. >> let me ask about the security conference and you were the founder of this event, in hall fax, and has it developed the way you expected and where do you think it is going to be five years from now? >> well, i'm really proud and i'm humbled the b
biting deeply into the economy or from ape political perspective, the architects of iran's diplomacy? we have been undermined from some time. it is time to reach out to the west and show the world we are chapter? >> well, you see, in iran, we have political elections, popular e elections and the people choose governments. they chose mahmoud ahmadinejad. they chose a different path this time around. and that election provided a historic opportunity to us and to the west in order to try to address this issue. we are not talking about sanctions. the effect of sanctions has been two-fold. when sanctions started, iran had less than 200 sentence triv fuse. it has been about 18,000 and 800 centrifuges that has been added to iran's stock of centrifuge. sanctions have utterly failed in that regard. on the other hand. the people of iran blamed the west for restrictions that have been imposed on the livelihood, on the ability to buy medicine, on the ability to finance and purchase food items from abroad and they have blamed it squarely on the west for because they have tried to exercise their right
is the central circulatory system of our economy. it is the veins and the arteries that can act what is now the information economy in the u.s.. we are seeing data traffic increase at the rate of 40% per year. it is wireline networks that connect all forms of communications, what are they exhibit -- whether they originate in a wireline or wireless environment. future of the communications industry, with u.s. telecom head walter mccormick. tonight on "the communicators," at 8:00 eastern on c-span2. >> i got upset with the president. the, at my mental health first few meetings. then they never showed up. housewalking in the white and i met this woman, one of the press people. , nobody ever covers my meetings. she said, mrs. carter, mental health is not a sexy issue. legislation and mental health systems act of 1980. it passed through congress one month before jimmy was, as he says, involuntary retired from the white house. the incoming president put it on a shelf. it was one of the greatest of women's of my life. >> rosalynn carter, tonight at 9:00 eastern, live on c-span and c-span3. also on
with stakeholders from all areas of our economy and with the administration and the courts to ensure an open, deliberative thoughtful process, we held several hearings and issued two public discussion drafts in may and september of this year which led to the formal introduction of the innovation act in october. i believe that it takes the necessary steps to address abusive patent litigation. abusive patent litigation is a drag on our economy. everyone from independent inventors to startups to mid and large-sized businesses face this constant threat. the tens of billions of dollars spent on settlements and litigation expenses associated with abusive patent suits represent truly wasted capital. wasted capital that could have been used to create new jobs, fund r&d and create new innovations and technologies that promote the progress of science and useful arts. and that's what innovation is really about, isn't it? if you're able to create something, invent something new and unique, then you should be allowed to sell your product, grow your business, hire more workers and live the american dream.
'll be right back. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> okay. live look at capitol hill as the sun has yet to come up. here with us director of the earth institute, economist jeffrey sachs. we have sacks and rattner. >> heck of a "new york times" article, obviously the sort of things you've been talking about for so long. >> everyone is talking about them now. you know, we went for so long without discussing these realities now. everyone is opening their eyes. an
into the economy and a afghans making money, it's busier than ever because of increasing are anxiety because of the local currency of afghanis. billions of dollars in aid would also remain. without that, the economy is expected to collapse. that delay is causing fear in the business community. >> if it is not signed, then people will be panicked and it will affect the economy of the country. people are running away. people are disappointed and our businessmen are not investing. money dealers are worried because they cannot work confidently. >> as afghans panic and exchange their money for u.s. dollars the afngafghani is being devalued. prices are going up. it's in markets like this where regular afghans come to spend their money buying food. price he have gone up significantly in in the past few days, that's because those selling the food buy it in wholesale in dollars, they find the don't bias much food that the exchange rate has never been so bad. >> in a few short weeks the price of these sacks of flour has risen 10% traders say. >> the prices have become so my before we could buy when it
of u s china relations. president she said the world's two largest economies that you need to share responsibility for upholding world peace and promoting human development looking into the future we stand ready to work with the us to continue to build a new model of major country relations. respecting each other's core interests. a major concerns while continuing to strengthen international cooperation and communication to deal with global issues she told by an old friend. everything went well over the forty five minute schedule to meet him and commented on the air defence zone just use but it will be on the agenda tensions in the region are at their highest teen years marley's chief prosecutor has announced the discovery of the remains of twenty one people in a month's grace this baby can't even achieve that. once they get the countries that the strong man who was rested last week and charged with complicity in kidnapping according to the prosecution of the bodies being found. i meant to say no that would force a likely be charged with assassination the health of presidents is a s
of sanctions that has crippled iran's economy, cut their oil revenues by more than half, have put enormous pressure on currency, their economy contracted by more than 5% last year, and it is precisely because of the international sanctions and coalition we were able to build internationally that the iranian people responded by saying we need a new direction in how we interact with the international community and how we deal with the sanctions regime, and that's what brought president rowhani to power. he was not necessarily the first choice of hard liners inside iran. now, that doesn't mean that we should trust him or anybody else inside iran. this is a regime that came to power as swearing opposition to the united states, to israel, and to many of the values that we hold dear, but what i've consistently said is even as i don't take any options off the table, what we do have to test is the possibility that we can resolve this issue diplomatically, and that is the deal that at the first stages we have been able to get done in geneva, thanks to some extraordinary work by john kerry and his c
economy and probably most important, really, really make sure that we give and figure out how to enable all kids to have the opportunity to not only dream their dreams, but achieve them. >> and we are live this morning awaiting remarks from treasury secretary jacob lew on implementation of the dodd-frank financial regulations law. he will be introduced by former fdic chief sheila bare. one to -- sheila bair. one of the regulations still to be finalized is the so-called volcker rule. regulators are scheduled to meet next week to discuss and vote on the final version of that rule. the pew charitable trust is the host of this event, it should get upside way in just a couple of moments. this is live coverage on c-span2. .. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] >> once again we are live from the pew charitable trusts in washington, d.c. for remarks from treasury secretary jack lew on implementation of the dodd-frank financial law. he is expected in just a moment. live coverage here on c-span she. whil
. the private sector has updated a lot of aspects of its compensation system to people across the economy. is thet there opportunity for sin changes that would go along the lines of making it more effective. thank you for joining us this morning. that is all for this edition of "washington journal." be sure to join us tomorrow at 7:00 a.m. eastern. >> hello! [applause] journal@c-span.or [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] collects the u.s. house is back in session today. they begin the day at noon eastern with morning hour. legislative work will get underway at 2:00 with one bill requiring the justice department to report to congress on child abuse in each state. we will have live coverage of all of today's action with members gavilan. while the houses meeting, c- span2 will be live with financial regulation. enterse meeting at the -- enterprise institute or they will have an limitation of the dodd frank law. >> i got upset. they covered my mental health work. the first few meetings i had. then they never showed
because the economy is it is a little bit more strong. as a result that extends the time in which the treasury department can do things -- at some point congress is going to have to do that. i suppose the earliest it could possibly be is february. it is much more likely that it is sometime in spring or the beginning of the summer. then you are going to get the debate over -- we should look at tax hikes, changes in entitlement. it is hard to see how they are going to get any agreement on those areas. particularly in election year. host: the house is expected to adjourn for the year on friday and the senate shortly after. a lot of high-profile legislation still hanging in the balance. it is the list of what is likely to make it through the 113th congress. caller: i think the only thing that is likely to get through is the defense authorization act. we will see what gets included. one thing we will be watching is to see whether any legislation sanctioning iran is added to that bill. the administration is doing everything it can to prevent congress from doing that but a lot of members
/2 year, 57.3 would suggest the u.s. economy is gradually regaining momentum. and on the currency markets, dollar/yen now up to 103.08, up to fresh six-month high on dollar/yen. euro/dollar, just below the 1 .36 mark we were at on thursday and sterling just back from that 1.64 of 11.6 1.6384. the aussie is the second worst performer after the g-10 in the currencies. australia's central bank says the country's currency is still uncomfortably high. those comments sending the yield down further. little urgency for more rate cuts. policymakers keeping them on hold. earlier cuts are still taking effect once inflation is tamed. joining us with his thoughts, may bank in singapore. andy, thanks for joining us. is the aussie/dollar going to get weaker? >> i think generally if you look at the markets, you look at the options site, it looks like we're probably going to see a bit of saturation on the short aussie. you're probably going to see a limit about the 90 levels. but our view is tapering in the first quarter, probably first quarter of next year, it may go down to about 88 cents against the do
about the economy. >>> a top hezbollah leader is killed. the lebanese group says he was assassinated. ♪ >>> the u.s. economy is growing but so is the income gap between the rich and the poor. president obama will talk about how to change that and other aspects of the economy when h
these numbers are proof the economy is getting better. critics warn low unemployment means the federal government may cut back on economic stimulus which could force the stock market to take a hit. chris wallace is live on capitol hill, celebrating a milestone. chris has been doing "fox knossos" for ten years. hart to believe. we have been stuck with you for ten years. >> i hope it's not stuck. we're going to have a little piece at the end of the show on sunday, taking a look bat at the highlights and lowlights of the last ten years. i'm sure you feel this, shep, with your show. just amazing over the course of a decade who you get to talk to, where you get to go. the adventures you go on, and i'm so grateful to have had the opportunity. >> tell me the lowlights. >> you probably know most of those as well. you'll see them. the good, the bad, and some surprises along the way. >> what do you make of this business on current topics? >> well, you mean in terms of the unemployment rate? >> yes. >> you're exactly right. it's great news. 7%. 203,000 jobs created. the latest upgraded numbers fo
as an economy in growth and per capita terms that all of the major economies for a system that delivered less effective outcomes for a smaller percentage of our population. in short, quoting somebody i know well, we were spending more each year and getting less. our economy suffered, families suffered, and all of it was unnecessary. as president obama has said, fighting to deliver quality, affordable health insurance and the security that comes with it to every american is paramount. this is about making sure that everyone in the united states gets a fair shake, and it's about the economic imperative as we continue to rebuild our economy and build a better bargain for the middle class. that's what the affordable care act does, by using touchtone american values of transparency and competition to improve health care protection, and affordability to those americans who already have insurance, and to provide new affordable care options for consumers who either don't have it or want to switch their insurance. we finally put in place real solutions that have been at work for generations, and we wi
, the latest jobs report is out showing a better than expected 203,000 jobs added to the economy in the month of november with the unemployment rate dropping to 7%. this is now the lowest unemployment rate we've seen since the financial crisis. it comes on the heels of revisions that show the economy growing last quarter at one of the fastest rates since the onset of the great recession. at this pace, 2013 will be the best year for job creation since 2005. congress, of course, still has it in its power to screw things up. but it also has the power to make things better. one of the most persistent bedevilling problems with job creation throughout this entire recovery has been that low-wage jobs have accounted for half of job creation in the past three years according to analysis through april of this year. and congress, if it wanted to, could do something about that today. it could vote to raise minimum wage. and president obama would sign it immediately. so we have reached into the alternate reality in which that happens and we present the latest installment of our series in which those lawma
the internet of everything. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. thanks for giving me your smile. thanks for inspiring me. thanks for showing me my potential. for teaching me not to take life so seriously. thanks for loving me and being my best friend. don't forget to thank those who helped you take charge of your future and got you where you are today. the boss of your life. the chief life officer. ♪ where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here. >>> welcome back to "the lead." i'm jake tapper. time for the world lead. he was a global icon for peace and nonviolence and his memorial service is obviously tomorrow. it's on pace to rival anything we have seen in decades in terms of size and security presence. among the throngs of mourners flocking to johannesburg right now to bid farewell to nelson mandela are 91 heads of st
economies people entering and staying that they have crafted the same proportion of people under pressure from posh disparate images at more than a call to the gop's can all visit to the banking rang my essential provisions of the back to the fifties or sth. marco use to workers the pto many italians use to quote the board and skill which would always get the work n roll. but it didn't hold true for local one day he was sacked and has not been quiet since he's been living on the street for about four years now and says that forty six he sees little chance of fixing his life. yes this not to review his identity. we all when you live on the street survival is what takes up most of your time simply gets in the showers a challenge. it saves so much time to take care of yourself what a normal person all your east end of the day and you're exhausted and depressed. with the italian economy going into its longest recession since the second will dwarf with twelve percent with the walks are unemployed. well for adults and young people don't have a job. there are no official figures on the homeless.
ends meet advocate its leaves paid to do. big economies with roughly the same proportion of people under pressure from harsh austerity measures. the fifth of a quilter. because this nope this is a day in a food bank in rome where essential permission to have the bed to the city sports marco use to workers the pto many italians use to call the pope and skill which would always get the work n roll but it didn't hold true for local one day he was sacked and has not been quiet since he's been living on the street for about four years now and says that forty six he sees little chance of fixing his life yes this not to review his identity in all we live on the street survival is what takes up most of your time simply gets in the shower is a challenge. that said some us time to take care of yourself. what a normal person. cutest end of the day and you're exhausted and depressed. with the italian economy going to its longest recession since the second world war over twelve percent with all our unemployed. well for adults and young people don't have a job. there are no official figures on t
. it could add up to $18 trillion to the global economy. >> in egypt - 21 women and girls imprisoned for protesting in october, including seven girls under 18. the red cross says 300 people have been killed in 48 hours after violence between militias and the central african republic. thousands of people are looking at refuge at the airport where french soldiers are on guard. >> some people are talking about a religious or sectarian war against christians and muslims. is that how the situation is developing? >> it's a political crisis, and unfortunately some people are using the intentions between the communities peacefully together. about 15 to 20% mousse limbs who are active in the any and now the author represented in politics and some don't like that. this is what is going on. there farmers who are mostly christians who attack muslims in that country because the seleka rebels in power. >> there have been warnings, as you know, about the possibility of what is being already described as a genocide. let's hope that doesn't happen. could it happen. >> i think the word might be - gepp
the whole economy. >> as long as the of foresees their movies are watching tv or to buy their stuff they are fine. john: russell brand known for flicks like forgetting meet sarah marshall had his own tv show was canceled and now he is developing a new show which is owned by fox. what are you thinking, fox? he objects to capitalism solid interview were said what would you replace it with? to make you talk vaguely about revolution what is it? >> the egalitarian system with the heavy taxation of corporations and massive responsibility for the energy company to exploit the environment. >> they get a little tiny bit of knowledge did it become so watered down socialist dribble and he is the attention horror like the paris hilton of film. john: he once a socialis egalitarian system. >> appeals to people when they are very young and idealistic and passionate and insane which is you are supposed to be but then we grow up and pay taxes. he is not relevant in entertainment so he has to say these things to get injured -- attention. john: what about george lucas? he has made billions to help cre
, yokosuka. >> david cameron wants to improve ties between europe and the world's second largest economy. cameron is meeting with senior leaders. >>> some in europe and elsewhere see the world changing, and want to shut china off behind a bamboo curtain of trade barriers. brifn-- britney wants to tear te barriers down -- britain wants to tear those barriers down. open britain is the ideal partner for an opening china. >> air pollution levels in the chinese city of shanghai have reached their worst levels ever recorded. the skyline of china's financial hup, pollution levels over 300, indicating the most severe level of air pollution. forecasters blame the lack of wind in recent days for not clearing the smog. >>> iran's foreign minister has rived in ca tar, landmark -- qatar. more daims about his country's nuclear past. >> iran will continue its nuclear enrichment at 5% and iran will continue construction work at iraq. iran has agreed not to use certain activities that fall within the scope of this timetable and this plan of action. we have also agreed to provide specific arrangements wit
reasonable people know the sanctions has devastated the iranian economy. the reason why iran has made this about-face, signed the geneva agreement, because it realized its economy, the future of its regime was headed toward disaster. it had to make a compromise. >> that's what's going on. >> zarif said and insisted that iran's nuclear program is for peaceful purposes and transparent. >> we have nothing to hide. they have been searching iran up and down, in and out, for the past 10 years probably more than they have searched any other country on the face of this earth. and they have not found a single evidence of diversion of our nuclear program into anything other than peaceful purposes. >> if you watch him. is he as netanyahu said on, a wolfe in sheep's clothing? >> i am a reminded of a diplomat who says an ambassador is someone who is a nice gentleman who is sent abroad to lie for the good of his country. we are seeing that in his statements, that he is a very likeable statements but these statements have to be deciphered and interpreted. >> is clear, they hit the nuclear facility a
leaders are of course, trade, u.s.-china trade, and the economy. the united states had hoped that those issues would really be the main issues at this meet -- these meetings. but as we now know, this declaration of the air defense zone will likely dominate the meetings and perhaps challenge -- or provide a challenge to any progress made on the issue. >> reporting there from beijing. to the streetned to thailand for the first time in days. protest on the hold out of respect for the king's birthday am a national holiday to be celebrated thursday. but the opposition said it's fight to bring down the government as far -- it's fight to bring down the government is far from over. in bangkok on wednesday, a vast cleanup operation was underway. a day earlier, the violence that began last weekend came to an king'shalt ahead of the birthday thursday. the thai prime minister called for a truce between police and protesters. but the first time in days, calm returned to the streets and prime minister yingluck shinawatra all for -- a lasting solution. like to invite academics, businessmen, and groups
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economies came together. all of them said it was crucial. they all want to see the w to round concluded in a positive way. so we think it's important. i must say i agree with your introduction, it's a sombre outlook. we hope we'll see a value, but it's unlikely to be an interesting one. >> the door to the european union is open. the message to ukraine from germany's foreign minister. the comments have been welcomed by protesters on the streets of kiev and they have been given a boost by the support of three former ukrainian presidents. protesters are angry at the government's decision to reject a deal with the europeanionion. >> let's cross to our correspondent rory chalened in the ukrainian capital. how are the protests going? >> the numbers are low this morning. that tends to be the pattern. it's only really the hard core of protesters that stay in the scare. it's understandable because it is cold at the moment. as the day progresses the numbers start to pick up. they are picking up the moment. more and more people are arriving at the square. there are a couple of things we are watchi
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